United States's taxes on goods and services (current LCU) was 108.24 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 8.98% from 99.32 billion in 2014 (0.86% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 108.24 billion | 2024 |
| Five years earlier | 97.16 billion | 2019 |
| Ten years earlier | 99.32 billion | 2014 |
| Highest | 110.17 billion | 2018 |
| Lowest | 15.28 billion | 1972 |
| Average since 2015 | 98.49 billion | 2015–2024 |
| First recorded | 15.28 billion |
What the numbers say
In 2024, United States' taxes on goods and services (current LCU) rose 13.5% on 2023 (from 95.36 billion to 108.24 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.7% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 68.9% in 1981 and the biggest yearly fall was 11.8% in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, United States had the 49th highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to United States in the 2024 ranking
- Mozambique — 46th of 91: 121.71 billion
- Netherlands — 47th of 91: 116.9 billion
- North Macedonia — 48th of 91: 115.06 billion
- Macao SAR, China — 50th of 91: 96.35 billion
- Mauritius — 51st of 91: 91.64 billion
- Canada — 52nd of 91: 85.82 billion
What this measures
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 53 values
| Year | Taxes on goods and services (current LCU) |
|---|---|
| 2024 | 108,244,400,000 |
| 2023 | 95,361,400,000 |
| 2022 | 99,408,400,000 |
| 2021 | 91,462,400,000 |
| 2020 | 86,722,400,000 |
| 2019 | 97,164,400,000 |
| 2018 | 110,170,400,000 |
| 2017 | 92,921,400,000 |
| 2016 | 99,735,400,000 |
| 2015 | 103,741,400,000 |
Taxes on goods and services (current LCU) in nearby economies
- Canada — 85.82 billion (2024)
More public sector data for United States
- Arms imports (SIPRI trend indicator values) — 745 million (2025)
- Military expenditure (current USD) — 954.39 billion (2025)
- Military expenditure (current LCU) — 954.39 billion (2025)
- Military expenditure (% of GDP) — 3.12% (2025)
- Arms exports (SIPRI trend indicator values) — 13.98 billion (2025)
- Net incurrence of liabilities, total (current LCU) — 2.07 trillion (2024)
- Net incurrence of liabilities, total (% of GDP) — 7.06% (2024)
- Net investment in nonfinancial assets (current LCU) — 435.61 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 1.49% (2024)
Reading data like this
Questions people ask
- What is United States's taxes on goods and services (current LCU)?
- 108.24 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 608.41% from 15.28 billion in 1972 (3.84% a year on average, compounded). The highest value was 110.17 billion in 2018 and the lowest 15.28 billion in 1972.
- How does United States rank?
- 49th highest of 91 economies with data for 2024.
- Is the latest change in taxes on goods and services (current LCU) unusual for United States?
- In 2024, United States' taxes on goods and services (current LCU) rose 13.5% on 2023 (from 95.36 billion to 108.24 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.7% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator GC.TAX.GSRV.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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